The last thing America needs right now is more economic recovery killing taxation. 154 Republicans signed the letter sent to the National Commission on Fiscal Responsibility and Reform opposing the VAT Tax. Kudos to these Republican members of the House who signed onto this letter.
"In a depressed economy, the number one priority of government should be to stimulate job growth. With unemployment at nearly 10 percent, Americans cannot afford the burden of a new job killing tax. But this is exactly what a VAT will do. A VAT will increase the cost of goods and services for all Americans, including the lower and middle classes. It will tax our manufacturers, sending even more jobs overseas. And, it will decrease consumption, which will deepen the recession and suppress entrepreneurialism. This is exactly what has happened in Europe where increased government spending and taxation has led to consistently high unemployment and suppressed economic activity."
“Disappointingly, some in Washington still believe that we must grow our government and the tax base to fix the debt crisis. Recently the President’s own advisors have suggested that a VAT could be good for America. Not even a 19 percent VAT was able to save Greece from a full-blown crisis. We should not expect different results in America.”
http://www.house.gov/pitts/documents/PittsLettertoDebtCommission.pdf
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